Daily Market Analysis
2023-10-20
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:31:45 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The price action the last few days has been weak, but we are seeing a stubborn move lower with mixed overlapping candles. The bond sell-off has been weighing on the market and 10-year yields were... |
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| 09:42:27 Pete |
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| 09:49:52 Pete |
If I am an anxious buyer off of heavy selling like this, I am not going to chase a gap up. Those are usually gap reversals and that bounce is fake. Remember bearish markets open near the high and close... |
| 09:54:26 Pete |
During this drip, drip, drip lower, you can ride your swing shorts. No reason to cover. You can even try some day trading shorts. Know that all shorts have to be kept on a short leash. If we see nice... |
| 09:55:10 Pete |
EVERY ONE IN THIS DAMN BUSINESS KNOWS OF YEAR END RALLIES AND THEY KNOW THAT SEASONALITY IS NEAR. THEY ARE LOOKING FOR THAT CLIMAX AND THEY WILL BUY!!!! |
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